27 & 29 Park Avenue, Argenton NSW 2284

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Building Area 0 m²

Income $65,780

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2,251sqm of development opportunity adjoining Waratah Golf Course

27 & 29 Park Avenue, Argenton presents a substantial landholding comprising 2,251sqm of R3 Medium Density Residential zoned land. Currently improved with two residential dwellings generating a holding income of $65,780 gross per annum, the property offers both immediate income and significant future development potential.

Positioned alongside Waratah Golf Course, the site benefits from an attractive outlook and strong surrounding residential amenity. The property presents an excellent opportunity for developers to capitalise on the flexible zoning, with potential for townhouses, villas or boutique residential unit development (STCA).

Key Features:

- 2,251sqm* combined landholding
- Zoned R3 Medium Density Residential
- Significant development potential for townhouses, villas or residential units (STCA)
- Existing improvements comprising 2 residential dwellings
- Holding income of $65,780 per annum gross
- Approx. 55 metre combined street frontage*
- Positioned adjoining Waratah Golf Course with attractive lifestyle outlook
- Located within the growing Lake Macquarie residential corridor
- Minutes to Munibung Road and major retail amenity including Bunnings, Costco and Stockland Glendale
- Convenient access to Newcastle CBD, Maitland and the M1 Pacific Motorway
- Flexible opportunity suitable for developers, investors or land bankers
- Strong surrounding residential growth supporting future resale demand

2,251sqm* R3 development site
Holding income of $65,780* pa
Adjoins Waratah Golf Course

Isaac Reville

Matt Kearney

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